(This is an abridged version of a column that appears in the February issue of Marijuana Business Magazine.) One of the most important uses of data in any industry is giving companies a realistic picture of supply and demand. When data began to reveal white-hot consumer demand for CBD products in 2019, mainstream retailers from nutrition to footwear jumped on the bandwagon and began […]
California’s flagship agriculture school has tapped a schizophrenia researcher and a plant expert to lead its new center to study marijuana and hemp. The University of California, Davis, named professors Cameron Carter and Li Tian as co-directors of its Cannabis & Hemp Research Center. Created last year, the research center is charged with: increasing academic collaboration […]
Federal agriculture officials have introduced two crop insurance programs for hemp, both designed to protect farmers growing the new commodity from damage during natural disasters. But the programs have tight deadlines and limitations on who is eligible. The U.S. Department of Agriculture’s newly available Multi-Peril Crop Insurance and Noninsured Crop Disaster Assistance Program both provide […]
Sports Illustrated and Canadian cannabis behemoth Canopy Growth are the latest players looking for a piece of the sports nutrition and recovery market. Authentic Brands Group, owner of the Sports Illustrated brand, says it will roll out a line of CBD-infused topicals by the end of 2020. And Canopy Growth, majority owner of drink and […]
Hemp farmers are about to get some help protecting their crop from natural disasters, but any hope that the proposed federal production rules will change in time for the 2020 growing season should be put aside for now, officials say. Top officials from the U.S. Department of Agriculture have revealed new details for two hemp […]
Maine CBD processor Sun Kissed Industries has acquired a California company that makes CBD products sold in 20 states. Terms of Sun Kissed’s acquisition of Hakuna Supply on Thursday were not disclosed. Carl Grant, CEO of Portland, Maine-based Sun Kissed, said in a statement that the acquisition will “thrust Sun Kissed onto the global CBD […]
A South Dakota legislative committee on Thursday unanimously approved a bill to allow industrial hemp production in the state. The proposal, which passed in the House Agriculture and Natural Resources committee, would legalize and regulate the growth, processing and transportation of hemp in the state. Passage would leave Idaho and Mississippi as the only states […]
Governor Andrew Cuomo has included a plan to “regulate, restrict, and control” the responsible adult use of cannabis in New York, known as the Cannabis Regulation and Taxation Act
(“CRTA”).
After a season rife with challenges, Kentucky hemp producer and CBD manufacturer GenCanna Global and its subsidiary Hemp Kentucky filed for bankruptcy protection. GenCanna’s Chapter 11 filing on Wednesday followed involuntary Chapter 11 bankruptcy petitions filed in January by companies owed money by the Winchester, Kentucky-based firm: Pinnacle. Crawford Sales. Integrity/Architecture. According to the case […]
(Editor’s note: This is part of an occasional series on California’s hemp industry. To read the previous installment, click here.) Hemp entrepreneurs in California are optimistic that long-awaited state legislation to legalize hemp-derived CBD as an ingredient in food, beverages and cosmetics will be revived from suspension and ready for Gov. Gavin Newsom to approve […]
